That mini bear market in March was great! I was shorting stocks practically with my eyes closed, the money was so easy. The key, though, was back then there was, at least for that short period, an overall bear sentiment in the market, which is what made it so easy. So far even with this string of down days, the same low hanging fruit has yet to appear and the market remains decidedly undecided. Let's see if today's yet another 150+ point loss finally makes up some minds.
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Damn, is it over..
- Thread starter aaronk321
- Start date
Quote from notouch:
So you wait until it's down 20% until you start shorting? I'm not too worried about the definition of a bear market. The rallies are weak and sell offs are strong but orderly. Who knows how far it will go but for now the easy money is on the short side.
Downtrend for sure, but bear market no. The monthly charts of the SPX and INDU haven't even made lower highs or anything which would signal a major change in trend. Not saying a bear market hasn't started, but it is too soon to call it that IMO.
S&P is 9.6% off the high....
Quote from stephenszpak:
Weekly Dow chart with S/R level added.
The trouble is the market has been slicing through these support levels like they don't exist. The market is loving giving bulls false hope at the moment - little rallies off of support followed by sharp down moves. That 12800 level might provide a few hours of support but the bear move is too strong at the moment. It's just orderly selling at the moment. Wait until we start to see some real panic.
for pete's sake. i love these unsubstantiated assumptions...
are we in a bear market? no. not by most people's def. the 50 is above the 200, and we are still relatively close to all time highs.
are we trending downwards? yes. at least on a shorter timeframe.
regardless, there are ALWAYS good shorts AND good longs out there. it's a matter of proper risk profile and targeted entries.
obviously (speaking from an intraday futures trading angle) there have been some PHENOMENAL shorting opp's. but also some great snapper shortcovering rallies to play long.
i can be simultaneously short a position play and long a scalper play in the very same instrument (dow futes). it's all about risk management, time horizon, etc.
but to say we are in a bear market is premature.
we have certainly suffered some technical damage. that is sure
and the trading is WONDERFUL!!!!!
are we in a bear market? no. not by most people's def. the 50 is above the 200, and we are still relatively close to all time highs.
are we trending downwards? yes. at least on a shorter timeframe.
regardless, there are ALWAYS good shorts AND good longs out there. it's a matter of proper risk profile and targeted entries.
obviously (speaking from an intraday futures trading angle) there have been some PHENOMENAL shorting opp's. but also some great snapper shortcovering rallies to play long.
i can be simultaneously short a position play and long a scalper play in the very same instrument (dow futes). it's all about risk management, time horizon, etc.
but to say we are in a bear market is premature.
we have certainly suffered some technical damage. that is sure
and the trading is WONDERFUL!!!!!